Netflix (NFLX)

I almost got into Netflix (NFLX) yesterday but he market conditions weren’t right and resistance was still keeping it down.  But today is a completely different story, and now NFLX is breaking out of resistance and beyond. Obviously getting an upgrade with a $145 price target doesn’t hurt matters, but from a technical

Technical Outlook: S&P 500 (SPX) again on Friday attempted to sell-off but low volume again plagued any attempt from the bears to make a meaningful move across the board. SPDRs S&P 500 (SPY) saw a drop in volume on Friday, which also came in well below average.  SPX  has seen consolidation over the last five trading

Technical Outlook: Dow Jones Industrial snapped a 9-day winning streak. Last two times that has happened, it made it to 10-days. Not so yesterday.  SPX finished lower as well yesterday and below the 5-day moving average (by one point).  Again though, the rampers showed up at 3:30pm to push the market off of the

I was stopped out of Disney (DIS) – other than that, I had a really good day of trading yesterday. And it came from some random bank that honestly, I know nothing about.  But that has been the difficulty with trading DIS of late – and I’ve traded it about six times this year, and only two

Technical Outlook: SPX finished lower for the first time after five straight green days.  Futures following Friday’s close sunk on the failed coup attempt in Turkey. All those losses were erased with the opening print on Sunday night.  5-day moving average still holding strong on the current market rally.  At this point, the market could

What a wild weak! From a short-term perspective, I would have rather seen the market not break out of that range and instead push back lower and through the 2040 level. From a long-term perspective, I'm glad to see this 2134 break and new all-time highs finally get established.  The follow through to the upside

I did a technical video of the markets and where we stand going forward.  I reviewed the following: SPY, QQQ, IWM, DIA, GLD, SLV, USO, FB, AMZN, NFLX, GOOGL, AAPL, XLE, GM, LNKD Enjoy!

Here’s my Google Hangout for this week.  In this video I go over all the major indices as well as $GLD, SLV, USO, FB, AMZN, NFLX, GOOGL, AAPL, and JNJ. So be sure to check it out. 

There’s definitely a couple of points of fair market value to calculate into this that brings the futures down a bit, but still, despite negative reactions to Netflix (NFLX) and IBM (IBM) earnings reports, the market isn’t giving up much ground. 

Overall the week finished lower last week.  We closed out some solid gains in Netflix (NFLX) and (AMZN), while struggling with our trade in SDS for a small loss.  We saw a nice move out of TLT last week, which definitely helped matters, but our positions in SPXU and DIS hasn't done much to write